We have new pound coins! How exciting! I mean let's pretend that Brexit isn't happening and spend millions on getting a whole new currency - why not?
But it's not just a revamp. The new twelve-sided one pound coin is the most secure coin in the world.
There are thought to be a whopping 30 million fake £1 coins on the go in the economy right now. That sounds like a lot right? Well it's only 2.5% of all the £1 coins out there. One in 40 coins are thought to be fake. So you've probably have a few in your pocket right now and don't even realise it.
Yikes.
So what's the new coin like? It's similar to the £2. Thinner, larger, lighter - it's an all-improved one pound coin.
Around 1.5 billion are going to enter circulation this month which is about 23 per person. It's 12-sided shape is easy to recognise even from touch. The coin's design reflects the UK's heritage with the English rose, the Scottish thistle, the Welsh leek and the Irish shamrock.
It has a number of distinctive features that make it difficult to counterfeit. Firstly, it's bimetallic - made of two metals. The outer ring is gold coloured (nickel-brass) and the inner ring is silver coloured (nickel-plated alloy).
It has an image like a hologram that changes from a '£' symbol to the number '1' when the coin is seen from different angles.
It has micro-lettering; very small lettering on the lower inside rim on both sides of the coin.
It also has grooves on alternate sides.
And most intriguingly of all - a hidden high security feature is built into the coin to protect it from counterfeiting in the future.
So what's this hidden high security feature?
Well, according to The Telegraph, it's all down to the Queen.
Apparently there is a hidden code in her face. This reminds me of the 90s tv show The Queen's Nose...remember that? That was great. Anyway.
The metal on the surface of the coins contains pigments which form a secret binary code invisible to the naked eye.
The code can only be read by ultraviolet light in the Royal Mint's special fake coin detection machines, sources close the the Royal Mint said.
I hope it's the metal specifically on the Queen's nose.
The old coin (RIP) will be legal tender until October 15, so we still have a few months left to savour it. You can change your old pound coins in the bank.
The old pound coins will be melted down and recycled into new ones.
Featured Image Credit: Royal Mint